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Campus Advantage, a property management company that specializes in student housing, purchased Evolve Auburn on May 29, 2018.

“This acquisition marks the end of a successful investment period on our joint venture, and we look forward to delivering strong returns to our partners,” said Michael Orsak, executive vice president of Investment for Campus Advantage. “We also look forward to establishing new relationships and replicating the successful track record we have built over the last 10 years.”

Evolve Auburn Apartments, located at 201 W. Glenn Ave., was just one of the properties Campus Advantage purchased at five different universities on May 29.

Campus Advantage’s acquisition adds 1,910 beds and completes a $200 million joint venture.